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THE MARKETS

[PBB PRHBS ASSOCIATION ] " London, January 1. The total quantity of wheat and flour afloat for the United Kingdon is two millions two hundred and seventy thousand quarters ; for the Continent f6m hundred and four thousand quarters. The American visible wheat supply is thirty-eight millions three hundred and seventy-five thousand bushels. An American off coast cargo of wheat has been sold at from 39s to 89s 6d. Flour, ex store, is. quoted at from 28s 6d to 295. • London, January 3 Mr Dunn, sugar expert, states that last year's prices jirere the highest averaged for five years past. He asserts the bounties system will ruin the colonial sugar industry. Messrs Bunton, Ronald and Co, wool brokers, report that the prospects for .1889 indicate a steady supply and firm prices. . Bates of freight by sailing ships are unaltered. "Vessels are very scarce.: Following are the latest quotations for frozen meat: — Australian mutton; 3£dto4d; beef, 3£d to 4d. London, January 4. Monay is declining, owing to abundant supplies. The total reserve m the Bank of England is £11,086,000, a decrease on the previous week of £536,000. The proportion of reserve to liabilities is 30 per cent.

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https://paperspast.natlib.govt.nz/newspapers/AG18890105.2.15

Bibliographic details

THE MARKETS, Ashburton Guardian, Volume VII, Issue 2029, 5 January 1889

Word Count
195

THE MARKETS Ashburton Guardian, Volume VII, Issue 2029, 5 January 1889

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